Essex Property Trust (BSP:E1SS34) Debt-to-Equity

: 1.16 (As of Dec. 2023)

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Essex Property Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$0 Mil. Essex Property Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was R$30,726 Mil. Essex Property Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was R$26,570 Mil. Essex Property Trust's debt to equity for the quarter that ended in Dec. 2023 was 1.16.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Essex Property Trust's Debt-to-Equity or its related term are showing as below:

BSP:E1SS34' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.84 Med: 0.93 Max: 1.16
Current: 1.16

During the past 13 years, the highest Debt-to-Equity Ratio of Essex Property Trust was 1.16. The lowest was 0.84. And the median was 0.93.

BSP:E1SS34's Debt-to-Equity is ranked worse than
74.29% of 673 companies
in the REITs industry
Industry Median: 0.78 vs BSP:E1SS34: 1.16

Essex Property Trust Debt-to-Equity Historical Data

The historical data trend for Essex Property Trust's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Essex Property Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.95

1.05

1.06

1.05

1.16

Essex Property Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.05	1.06	1.08	1.13	1.16

Competitive Comparison

For the REIT - Residential subindustry, Essex Property Trust's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Essex Property Trust Debt-to-Equity Distribution

For the REITs industry and Real Estate sector, Essex Property Trust's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Essex Property Trust's Debt-to-Equity falls into.

Essex Property Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Essex Property Trust's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	30725.793)	/	26570.371
	=	1.16

Essex Property Trust's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	30725.793)	/	26570.371
	=	1.16

Essex Property Trust (BSP:E1SS34) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Essex Property Trust Debt-to-Equity Related Terms

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Essex Property Trust (BSP:E1SS34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Essex Property Trust Inc (BSP:E1SS34) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ESS:USA EXP:Germany

Address

1100 Park Place, Suite 200, San Mateo, CA, USA, 94403

Website

http://www.essex.com

Essex Property Trust owns a portfolio of 252 apartment communities with over 62,000 units and is developing another property with 264 units. The company focuses on owning large, high-quality properties on the West Coast in the urban and suburban submarkets of Southern California, Northern California, and Seattle.

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